'Employee Of Chip Equipment Giant ASML Accused Of Stealing Company Secrets Went To Huawei: Report' - SCMP
Portfolio Pulse from Benzinga Newsdesk
A former employee of ASML Holding, accused of stealing trade secrets, later worked for Huawei Technologies, according to a Dutch media report. ASML disclosed in its 2022 annual report that one of its former China-based employees had engaged in unauthorized misappropriation of data relating to proprietary technology. The Dutch company reported the breach to authorities and implemented remedial measures, stating it believed the breach would not have any material impact on its business.
October 25, 2023 | 1:40 pm
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ASML reported a data breach involving a former employee who later worked for Huawei. The company has taken remedial measures and does not expect a material impact on its business.
ASML has reported a data breach involving a former employee who later worked for Huawei. The company has taken remedial measures and does not expect a material impact on its business. This could potentially affect investor confidence, but the company's swift action and transparency may mitigate any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100